theodor87

Again another channel and Cypher inside

FX:GBPNZD   British Pound / New Zealand Dollar
99 2 3
We can see harmonic move (green lines) completing at 1.414 extension and now we should expect market to press down and opportunity to go short or wait for Cypher completion and go long... Also if we drop time frame at 1h we see that RSI is overbought ( RSI variables 7period 80overbought 20oversold)
Comment: currently we are at 1.168 extension and we can expect two directions, up or down. If the price goes up then is most likely we will see another harmonic move and retest of next resistance level or if the price goes down retest of first support level. Here is the link of scenario
snapshot
okay here is an example of not paying attention to fundamentals, technically everything is correct but not checking news could cost you blowing up your account... learn from mistakes ....
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upancholi theodor87
Hello Sir, can you update you analysis with current situation
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